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Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and
Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Total Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchases: March 5 March 18 March 25 Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 145 units @ $80 per unit @$85 per unit 445 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. 210 units @ $90 per unit 290 units @ $92 per unit # of Units 1,090 units Cost per Unit For specific identification, units sold include 90 units from beginning inventory, 375 units from the March 5 purchase, 85 units from the March 18 purchase, and 165 units from the March 25 purchase. Cost of Goods Available for Sale Units Sold at Retail Cost of Goods Available for Sale 465 units @ $115 per unit 250 units @ $125 per unit 715 units Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. For specific identification, units sold include 90 units from beginning inventory, 375 units from the March 5 purchase, 85 units from the March 18 purchase, and 165 units from the March 25 purchase. Required: 1. Compute cost of goods avallable for sale and the number of units avallable for sale
Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Total Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchases: March 5 March 18 March 25 Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 145 units @ $80 per unit @$85 per unit 445 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. 210 units @ $90 per unit 290 units @ $92 per unit # of Units 1,090 units Cost per Unit For specific identification, units sold include 90 units from beginning inventory, 375 units from the March 5 purchase, 85 units from the March 18 purchase, and 165 units from the March 25 purchase. Cost of Goods Available for Sale Units Sold at Retail Cost of Goods Available for Sale 465 units @ $115 per unit 250 units @ $125 per unit 715 units
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